Now that September is coming to an end it's time to give a trading update. I am still in a few trades with quite decent | Hanami
Now that September is coming to an end it's time to give a trading update.
I am still in a few trades with quite decent uPnL at this point but will obviously only share realised profits.
For the month of September I have ended the month +$210k realised on Binance which makes September my 5th profitable month in a row. Right now what I care most about is consistency.
As you can see from the monthly PnL, I made $482k but minus the losses of $271k it ended with $210k. I'm not happy with that part, there were plenty of unnecessary trades taken that added to those losses.
The one major thing I need to learn is how to minimise these losses. It comes down to overtrading and eliminating pointless trades. What is consistent for me is that 90% of profits come from 10% of trades and this month was no different.
My goal for next month is to really try to minimise these unnecessary losses to bring this down and come away with more.
This can be fixed by minimizing overtrading... How does that look? Stop looking for trades that aren't there or entering low conviction bets.
I'm looking forward for many more of you to join us in @Emporia_Capital for October.